PureCycle Technologies, Inc. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	S-1/A	S-1/A
Revenues	0.0	0.0		786.2
Cost of goods sold	10.6	8.6		1,221.9
Gross profit	-10.6	-8.6		-435.7
Gross margin				-55.4%
Selling, general and administrative	57.6	28.0		2,097.0
Research and development	1.4	0.6
Other operating expenses	-0.4	0.2		1,572.5
EBITDA [+]	-66.9	-35.5
EBITDA growth	88.2%
EBITDA margin				-522.1%
Depreciation and amortization	2.3	1.9
EBIT [+]	-69.2	-37.4		-4,105.2
EBIT growth	84.7%
EBIT margin				-522.1%
Interest expense	6.7	4.1
Interest expense	6.7	4.1
Other income (expense), net [+]	-1.7	-11.4
Change in fair value of warrants	1.5	11.6
Other	-0.2	0.1
Pre-tax income	-77.5	-53.0		-4,105.2
Income taxes	0.0	0.0		0.0
Tax rate	0.0%	0.0%		0.0%
Net income	-77.5	-53.0		-4,105.2
Net margin				-522.1%

Basic EPS [+]	($0.75)	($1.84)
Growth	-59.2%
Diluted EPS [+]	($0.75)	($1.84)
Growth	-59.2%

Shares outstanding (basic) [+]	102.9	28.7
Growth	258.2%
Shares outstanding (diluted) [+]	102.9	28.7
Growth	258.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.